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9. On 1 April 20XO Slow and Steady Co held non-current assets that cost RM312,000 and had accumulated depreciation of RM66,000 at this date. During
9. On 1 April 20XO Slow and Steady Co held non-current assets that cost RM312,000 and had accumulated depreciation of RM66,000 at this date. During the year ended 31 March 20X1, Slow and Steady Co disposed of non-current assets which had originally cost RM28,000 and had a carrying amount of RM11,200. Slow and Steady Co's policy is to charge depreciation of 40% on the reducing balance basis, with no depreciation charged in the year of disposal. What is the depreciation charge to the statement of profit or loss for the year ended 31 March 20X1? A. RM66,000 B. RM93,920 RM98,400 D. RM124,800 C. 10. Gilbert took out a RM7.5 million 10% loan on 1 January 20x6 to build a new warehouse during the year. Construction of the warehouse began on 1 February 20x6 and was completed on 30 November 20X6. As not all the funds were needed immediately, Gilbert invested RM2 million in 4.5% bonds from 1 January to 1 May 20x6. What are the total borrowing costs to be capitalised in respect of the warehouse? A. RM22,500 B. RM602,500. C. RM625,000 RM750.000 D
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